Guideline Value for THANGA SALAI STREET

Thanga Salai Street guideline value

The current guideline value of Thanga Salai Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Podaturpet village, under the Pallipattu SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thanga Salai Street has changed

In the 2017 revision, the guideline value for Thanga Salai Street was Rs 167 per sq.ft. This figure increased by 50% to Rs 250 per sq.ft in the 2023 revision. The 2024 revision maintained this value at Rs 250 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 50%.

Guideline values in Podaturpet

In Podaturpet, there are 47 streets under the Pallipattu SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 300 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, which is equal to the 2024 figure for Thanga Salai Street.

• Thoppu Street: Rs 300 per sq.ft (2024)
• Sri Sairam Avn Nagar: Rs 275 per sq.ft (2024)
• Vanaja Vaniga Valagam: Rs 300 per sq.ft (2024)
• Vanivilasa Puram: Rs 100 per sq.ft (2024)
• Vanivilasa Puram Colony: Rs 126 per sq.ft (2024)
• Varadhappa Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Thanga Salai Street

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thanga Salai Street?

The Sub Registrar Office that covers Thanga Salai Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Podaturpet

The guideline value is a crucial factor in the registration process of property transactions in Podaturpet. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling a property, the guideline value is used to calculate the applicable fees, ensuring that both parties are aware of the financial obligations involved in the transaction. It is essential for buyers and sellers to be familiar with the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Thanga Salai Street?

The current guideline value of Thanga Salai Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Thanga Salai Street has changed from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in both 2023 and 2024, reflecting a 50% increase overall from 2017 to 2024.

What is the land classification for Thanga Salai Street?

Thanga Salai Street is classified as Residential Class I Type - I, which indicates its designation for residential use within the area.

Where can I find the Sub Registrar Office for Thanga Salai Street?

The Sub Registrar Office for Thanga Salai Street is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.

How is stamp duty calculated for properties in Thanga Salai Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at Rs 250 per sq.ft would incur a total stamp duty and registration fee of Rs 22,500.